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Accessory valve enterprises of high-end equipment should increase technological innovation, not as Zombie enterprises

accessory valve enterprises of high-end equipment should increase technological innovation, not as Zombie enterprises. Experts suggest that industrial restructuring should be combined with the reform of state-owned enterprises, and establish an excess capacity exit mechanism

accessory valve enterprises of high-end equipment should increase technological innovation and not be cleaned up as Zombie enterprises.

experts suggest that industrial restructuring should be combined with the reform of state-owned enterprises, and an excess capacity exit mechanism should be established

in the face of the current situation of low-end overcapacity and insufficient supply of high-end products in China's industrial structure, the state has taken a number of measures, such as technological upgrading and transformation, improving the innovation capacity of enterprises, and accelerating the reform of state-owned enterprises, to resolve the persistent problem of overcapacity and improve the level of production capacity, so as to achieve the medium and high-end of China's domestic industry. The source said that the relevant departments are investigating the "zombie enterprises" and will give a clean-up schedule after the data is obtained

The 11th meeting of the central leading group for finance and economics proposed to strengthen supply side structural reform while moderately expanding aggregate demand. On November 17, Premier Li Keqiang, when presiding over the preparation meeting of the 13th five year plan outline, stressed that efforts should be made at both the supply side and the demand side to promote the industry to move towards the medium and high end

the experts interviewed believed that the problems of China's industrial structure are highlighted in the high proportion of low value-added, high consumption, high pollution and high emission industries, the serious excess of low-end production capacity, the low proportion of high value-added industries, green low-carbon industries and internationally competitive industries, and the dependence of high-end products on imports

taking the cement industry as an example, at present, the utilization rate of cement production capacity in China is less than 70%, and that in Northeast China is less than 50%, with serious overcapacity. According to the data of China Cement Association, in 2014, at least three provinces and regions suffered comprehensive losses in the cement industry, and new cement projects were still launched in these three provinces and regions. At the same time, some new production lines built in the past two years have been shut down since the completion of the ignition ceremony, which will block the valves and oil circuits. In fact, over the past decade, the cement production capacity has been seriously surplus. The state has issued dozens of relevant documents to eliminate the backward production capacity of cement, but the production capacity of cement has been rising all the way

serious overcapacity is also the main problem in the steel industry at present. In 2014, the crude steel output was 823 million tons, while the production capacity reached 1.2 billion tons, far exceeding the demand. It is precisely because of the serious overcapacity and extremely fierce market competition that the steel price has fallen below the cost line for a long time since this year, resulting in serious losses for the steel plant, which has fallen into losses for the whole industry. Xu Xiangchun, my iron and steel Consulting Director, told the economic information daily that despite repeated orders from the state to strictly control new production capacity and to reduce 80million tons of crude steel production capacity by 2017, the progress of capacity reduction was slow

in 2014, the output value of China's manufacturing industry ranked first in the world for five consecutive years, and the output of most products ranked first in the world. However, the basic components of China's high-end equipment, especially moving components, such as valves, servo motors, engines, reducers, automatic transmissions, almost all rely on imports, as well as ultra-high and ultra-fine products

according to the data of China robot industry alliance, in 2014, China sold 57000 industrial robots, an increase of 55% over the previous year, accounting for about a quarter of the global sales, and became the world's largest industrial robot market for two consecutive years. However, statistics show that at present, more than 70% of the core components of domestic industrial robots rely on imports, and the import cost has accounted for more than 40% of the total cost. Experts said that robots are highly technology intensive, talent intensive and capital intensive industries, and their core competitiveness are chips, networks and optoelectronics. However, many domestic robot enterprises still do chassis, fans and keyboards

speed up, first find out and then clean up

most industries in China have the problem of low concentration. A large number of "zombie enterprises" are small and can't die. They live on government subsidies and bank loans, which not only wastes social resources, but also is not conducive to maintaining market order. The executive meeting of the State Council specifically mentioned that it has become an important task for China's economic transformation and upgrading to "accelerate the restructuring and integration of 'zombie enterprises' or withdraw from the market", strengthen the elimination of "zombie enterprises" and effectively resolve excess capacity

for example, China's automobile industry is small, weak and scattered. According to statistics, at present, there are more than 1300 vehicle production enterprises in China, including 171 complete vehicle enterprises, 120 motorcycles, more than 900 special vehicles, and 135 three wheeled vehicles and low-speed trucks. The Ministry of industry and information technology pointed out that among the more than 1000 enterprises, a number of enterprises have been in the state of shutdown or semi shutdown for many years, with little or no production, so it is very difficult to survive

taking A-share listed companies as an example, dongdengxin, director of the Institute of financial securities at Wuhan University of science and technology, gave a quantitative index for "zombie enterprises": earnings per share after deducting non recurring profits and losses was negative for three consecutive years. According to media screening statistics, there are as many as 266 listed companies in Shanghai and Shenzhen, and the proportion of enterprises with negative EPS in 2012, 2013 and 2014 accounted for 10% of the total number of listed companies. At the end of the third quarter of 2015, the total liabilities of the above 266 companies amounted to 1.6 trillion yuan, and the asset liability ratio of 266 companies reached 68.65%. These "zombie enterprises" have become a heavy burden on society

due to government intervention, although the size of the sample used is very small, a large number of loans flow to "zombie enterprises", while a large number of high-quality enterprises cannot get loans, and they also need to face high financing costs. Xu Xiangchun said that for "zombie enterprises", the effect of forcing production capacity out by market elimination alone is also poor, such as the bankruptcy of Shanxi Haixin steel, but the production capacity of 6million tons may be restored through restructuring

"although there is a clear goal to reduce production capacity, due to inadequate policies and lack of supporting facilities, in order to maintain social stability (employment problems of laid-off workers in steel mills, bad debts of banks caused by asset losses, etc.), local governments prefer to provide blood transfusion for 'zombie enterprises' and' zombie production capacity 'rather than let them withdraw from the market. Enterprises occupy huge amounts of bank credit, but the steel industry has stopped (production) without breaking (production), broken (production) without retreating (production) , the embarrassing phenomenon that good enterprises can't live well and poor enterprises can't die. " Xu Xiangchun told the economic information daily that if further analyzed, the deep-seated reason is mainly the high cost of exit (the reemployment of laid-off workers in steel mills, bank bad debts caused by asset losses, etc.), which can not be borne by enterprises and local governments alone. This requires some help from the national level in terms of finance, taxation, credit and other aspects in enterprise bankruptcy, as well as support for local and enterprise transformation, employee reemployment training, looking for new economic growth points and other aspects, so as to achieve the goal of old and new and realize economic transformation

make great efforts to improve the market system, especially solve the problems that should be determined by the market due to the unreasonable intervention of the government, and let "zombie enterprises" reorganize and integrate or withdraw from the market early, so as to revitalize resources and promote the healthy and stable operation of the economy. The source said that the relevant departments are conducting a thorough investigation on the "zombie enterprises", and will give a clean-up schedule after the data is obtained. The clean-up of "zombie enterprises" will be combined with the reform of state-owned enterprises

Yang Weimin, deputy director of the office of the central leading group for finance and economics, said that China's supply system is generally oversupplied with medium and low-end products and insufficient supply of high-end products. Xu Lin, director of the planning department of the national development and Reform Commission, also pointed out recently that China's upgraded consumer demand has not been well met under the existing supply system. On the one hand, it is lack of technical capacity, on the other hand, it is restricted by some unreasonable current management systems. We can release the potential of economic growth through supply side structural reform and other measures to achieve the target growth rate of GDP of more than 6.5% during the 13th Five Year Plan period

an important issue of supply side reform is how to move towards the middle and high end of the industry. Xu Lin believes that the core idea of the supply side structural reform is to reduce institutional transaction costs, which is conducive to enhancing enterprise innovation ability, improving supply quality and efficiency, improving supply structure, and ultimately improving total factor productivity

the executive meeting of the State Council held a few days ago decided to focus on the key areas of "made in China 2025", give full play to the role of enterprises as the main body, follow the principle of "keeping pressure", take the market as the guide, and improve quality and efficiency as the goal, launch and implement a number of major technological transformation and upgrading projects, support market-oriented enterprises in traditional industries such as light industry, textile, steel, building materials and so on to improve the level of design, process, equipment, energy efficiency and so on, and effectively reduce costs, Support the growth of innovative enterprises and emerging industries

to this end, the State Council requires that the guidance catalogue for technological transformation and upgrading of industrial enterprises be issued, the annual guidance plan for key technological transformation and upgrading projects be prepared, the investment of social funds and other elements be guided, and the motivation of enterprises to independently upgrade and transform in line with market demand be stimulated; Simplify early-stage procedures, promote parallel approval, and speed up the implementation of projects; We should promote the implementation of fiscal and tax support measures, innovate the use of central government funds for technological transformation, improve the efficiency of the use of funds, and encourage local governments to increase support for technological transformation and upgrading

Wang Yiming, deputy director of the development research center of the State Council, believes that the supply side should improve productivity through industrial adjustment and innovation to adapt to the structural changes in market demand. Next year, we must promote the adjustment and reform of the supply side, especially the adjustment of industrial structure. Especially, steel, cement, rtin and other industries with the largest profit decline have prepared selectively degraded polythioketal urethane (ptk-ur) tissue engineering scaffolds, such as coal, oil and gas Nonferrous metals, glass and other industries. And this adjustment should be organically combined with the reform of state-owned enterprises, and an effective excess capacity exit mechanism should be established

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